Grant Industries makes light construction equipment. The standard for a particular device calls for 24 direct labor hours. During a recent period 850 devices were made. The standard wage rate is $17.00 per hour. The labor rate variance was $4,114 favorable and the labor efficiency variance was $2,890 unfavorable. 9 What is Grant's actual direct labor wage rate (select the closest number)? A 15.85 B 16.80 16.88 D 17.00 E None of the above